Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling

In this articleCRON-CACRONCURA-CAwatch nowThe hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products.Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles and seed. But the law's broad definition created a loophole in federal rules on THC — the psychoactive compo ...